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Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.
Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.
With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.
Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.
Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.
Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.
Broadridge Financial Solutions (NYSE: BR) has announced a strategic collaboration with the Crypto Carbon Ratings Institute (CCRI) to enhance its ClearFi platform with crypto sustainability data. The partnership aims to help European financial companies meet new regulatory requirements under the EU's Markets in Crypto-Assets (MiCA) framework.
The integrated platform combines CCRI's sustainability data with Broadridge's ClearFi digital asset information system, enabling Crypto-Asset Service Providers (CASPs) to comply with MiCA regulations, which take effect December 30, 2024. The solution will help companies generate required whitepapers and present sustainability metrics for their crypto assets.
The collaboration also positions clients to address upcoming regulatory changes, including California's corporate climate disclosure requirements that encompass crypto-related activities in value chain emissions reporting.
Broadridge Financial Solutions (NYSE:BR) has appointed Ashima Ghei as permanent Chief Financial Officer, effective immediately. Ghei has been serving as Interim CFO since July 1, 2024, and previously led finance for Broadridge's Investor Communications business since January 2022. Prior to joining Broadridge, she spent 18 years at American Express, last serving as Head of Merchant Pricing for the Americas.
During her tenure as Interim CFO, Ghei has been instrumental in driving the company's financial strategy and execution. In her previous role as CFO of Broadridge's ICS division, she led initiatives in investment optimization, product profitability, pricing, and contract negotiation. She holds an Economics degree from Delhi University and an MBA from Indian Institute of Management Calcutta.
First Abu Dhabi Bank (FAB) has selected Broadridge Financial Solutions (NYSE: BR) to expand its global agency securities finance business, marking a significant development in securities finance within the UAE and Middle East region. FAB will utilize Broadridge's Securities Finance and Collateral Management (SFCM) solution to enhance its coverage of global fixed income and equities markets. The collaboration features the first AWS SaaS deployment in the region, demonstrating Broadridge's commitment to supporting FAB's strategic objectives in navigating securities borrowing and lending regulations.
Broadridge Financial Solutions (NYSE:BR) has been recognized as the highest-designated Leader in Market Impact and a Star Performer in wealth management by Everest Group's 2024 Wealth Management Products PEAK Matrix® Assessment for the second consecutive year. The evaluation, which covered 17 leading wealth management technology providers, highlighted Broadridge's excellence in delivering customer insights, client engagement, and collaborative business opportunities.
The assessment praised Broadridge's expertise in developing out-of-the-box solutions and maintaining a robust partner ecosystem. The company's wealth platform offers API-first market-ready solutions focused on personalizing investor experience, driving advisor revenue and productivity, digitizing operations, and delivering cost efficiencies. Their open ecosystem enables firms to combine proprietary, Broadridge, and third-party solutions into a single platform.
Broadridge Financial Solutions (NYSE:BR) has launched a groundbreaking AI-powered algorithm insights service for NYFIX, aimed at transforming algorithmic trading. The service leverages real-time liquidity mapping to help asset managers and hedge funds achieve better trading accuracy and cost efficiency.
The first-of-its-kind solution utilizes advanced AI to analyze public and private data for understanding liquidity landscapes, particularly dark fill locations. It provides real-time alerts and in-trade analysis, enabling traders to make in-flight adjustments to optimize their trading strategies.
Developed based on research from Jeff Alexander and Linda Giordano of Babelfish Analytics, the service is currently available to NYFIX Order Routing customers in U.S. equities markets, with plans for expansion to other asset classes and regions.
Broadridge Financial Solutions has won the 2024 NOVA 'Innovation in Operations' award from Nicsa for its Tailored Shareholder Reports (TSR) solution. The solution addresses the SEC's TSR ruling implemented in July 2024.
Since implementation, Broadridge's solution has served 342 fund companies, processing over 14,000 CUSIPs, delivering more than 140 million emails, and executing approximately 57 million mailings. The end-to-end solution provides composition, iXBRL tagging, SEC-compliant layered web hosting, and comprehensive SEC filings.
The solution offers personalized communication for fund investors, combining TSRs specifically for investors' held funds and share classes. It includes robust workflow and approval capabilities for effective regulatory reporting oversight, helping investors better understand their mutual fund and ETF investments.
LTX, a Broadridge Financial Solutions (NYSE:BR) company, announced a strategic partnership with TransFICC to enhance dealer connectivity and onboarding to its AI-powered fixed income trading platform. The collaboration leverages TransFICC's One API for eTrading platform to simplify integration, reduce operational risks and costs, and improve time-to-market for sell-side clients. LTX's platform currently serves 40+ dealers and 90+ asset managers, focusing on U.S. Investment Grade, High Yield, and Emerging Market credit products.
Broadridge Financial Solutions (NYSE:BR) has announced its participation in the UBS Global Technology and AI Conference in Scottsdale, Arizona. The event will feature a fireside chat with Interim Chief Financial Officer Ashima Ghei on December 4 at 10:55 A.M. Eastern Time. Interested parties can access the presentation through Broadridge's Investor Relations webpage at www.broadridge-ir.com.
Broadridge Financial Solutions (NYSE:BR) announced significant enhancements to its Tbricks trading platform, enabling trading desks to quote hundreds of thousands of structured products across multiple markets simultaneously. The upgraded solution addresses industry challenges in structured product quotations and improves trading efficiency through an intuitive interface.
The enhancement has already shown positive results with Marex Solutions reporting improved client service and increased market share on the Italian exchange Cert-X. Several European tier 1 clients are benefiting from the solution, which was developed in close collaboration with users to address scaling challenges and drive automation.
Broadridge Financial Solutions (NYSE:BR) has announced a quarterly cash dividend of $0.88 per share. The dividend will be paid on January 3, 2025 to stockholders of record as of the close of business on December 13, 2024.
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